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policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each …
Persistent link: https://www.econbiz.de/10014023495
antitrust policy toward horizontal mergers, the area of antitrust that has seen some of the most dramatic improvements in both …, merger laws and enforcement practices, econometric methods for analyzing prospective horizontal mergers, and evidence … concerning the ex post effects of actual horizontal mergers. …
Persistent link: https://www.econbiz.de/10014024580
This chapter surveys the literature on the economics of radio, focusing on the broadcast industry in the United States. The first parts of the chapter provide a history of the radio industry and its regulation, and a guide to the data available for empirical research. The next part surveys the...
Persistent link: https://www.econbiz.de/10014025245
The aim of this chapter is to survey the media economics literature on mergers. In particular, we try to accentuate … where the effects of mergers differ between conventional one-sided markets and two-sided media markets (though not all media … mergers are within two-sided markets). We focus on price effects in the first part of the chapter, and in the second part we …
Persistent link: https://www.econbiz.de/10014025247
Persistent link: https://www.econbiz.de/10011975117
This article presents a link between tariff rates and industry structure in a dynamic setting. We examine the role of tariffs on final-goods in a firm's decision to integrate and collude in the presence of competitive imports. It is shown that, under some conditions, the upstream firm has an...
Persistent link: https://www.econbiz.de/10009356174
This chapter analyzes the private rationale and the social costs and benefits of market foreclosure, here defined as a firm's restriction of output in one market through the use of market power in another market. The chapter first focuses on vertical foreclosure (in which full access to a...
Persistent link: https://www.econbiz.de/10014024583
Persistent link: https://www.econbiz.de/10014227170
Private damage claims against cartels may have negative effects on leniency: whereas whistleblowers obtain full immunity regarding the public cartel fines, they have no or only restricted protection against private third-party damage claims. This may stabilize cartels. We run an experiment to...
Persistent link: https://www.econbiz.de/10012021639
This paper compares the extent of common ownership in the US and the EU stock markets, with a particular focus on differences in the ap-plicable ownership transparency requirements. Most empirical research on common ownership to date has focused on US issuers, largely relying on ownership data...
Persistent link: https://www.econbiz.de/10013402996